California State Teachers Retirement System decreased its position in shares of Validus Holdings, Ltd. (NYSE:VR) by 7.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 131,202 shares of the insurance provider’s stock after selling 11,024 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of Validus worth $6,456,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in shares of Validus by 183.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,655,977 shares of the insurance provider’s stock valued at $86,061,000 after buying an additional 1,072,405 shares in the last quarter. Century Capital Management LLC purchased a new position in shares of Validus during the 2nd quarter valued at $3,043,000. Prudential Financial Inc. lifted its stake in shares of Validus by 8.9% during the 3rd quarter. Prudential Financial Inc. now owns 118,278 shares of the insurance provider’s stock valued at $5,820,000 after buying an additional 9,700 shares in the last quarter. Macquarie Group Ltd. lifted its stake in shares of Validus by 5.2% during the 3rd quarter. Macquarie Group Ltd. now owns 1,427,096 shares of the insurance provider’s stock valued at $70,228,000 after buying an additional 70,508 shares in the last quarter. Finally, TLP Group LLC purchased a new position in shares of Validus during the 2nd quarter valued at $329,000. Institutional investors own 96.24% of the company’s stock.

Shares of Validus Holdings, Ltd. (VR) opened at $46.92 on Friday. The company has a market cap of $3,730.00, a price-to-earnings ratio of -72.18 and a beta of 0.67. Validus Holdings, Ltd. has a one year low of $41.15 and a one year high of $58.76. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.52.

Validus (NYSE:VR) last announced its quarterly earnings results on Thursday, October 26th. The insurance provider reported ($3.22) EPS for the quarter, topping the consensus estimate of ($3.30) by $0.08. The business had revenue of $407.00 million for the quarter, compared to analysts’ expectations of $453.04 million. Validus had a negative net margin of 1.38% and a negative return on equity of 0.49%. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.02 EPS. equities analysts forecast that Validus Holdings, Ltd. will post -0.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Thursday, December 14th. Validus’s dividend payout ratio is -233.85%.

A number of research analysts recently weighed in on VR shares. Bank of America upgraded shares of Validus from a “neutral” rating to a “buy” rating in a research note on Monday, October 30th. Buckingham Research started coverage on shares of Validus in a research note on Monday, September 11th. They issued a “buy” rating and a $52.00 price target on the stock. TheStreet cut shares of Validus from a “b” rating to a “c+” rating in a research note on Wednesday, October 11th. Barclays decreased their price target on shares of Validus from $57.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Monday, October 16th. Finally, ValuEngine cut shares of Validus from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $54.83.

In other news, CEO Lixin Zeng sold 26,136 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $52.10, for a total transaction of $1,361,685.60. Following the sale, the chief executive officer now directly owns 57,855 shares in the company, valued at approximately $3,014,245.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Kean Driscoll sold 6,875 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $46.16, for a total transaction of $317,350.00. Following the sale, the president now owns 110,858 shares in the company, valued at $5,117,205.28. The disclosure for this sale can be found here. Insiders have sold a total of 39,886 shares of company stock worth $2,024,848 over the last 90 days. Corporate insiders own 2.33% of the company’s stock.

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Validus Profile

Validus Holdings, Ltd. is a holding company. The Company operates through four segments: Validus Re, Talbot, Western World and AlphaCat. Validus Re is a Bermuda-based reinsurance segment focused treaty reinsurance. Validus Re concentrates on first-party property and other reinsurance risks. Talbot is a specialty insurance segment operating within the Lloyd’s insurance market through Syndicate 1183.

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Institutional Ownership by Quarter for Validus (NYSE:VR)

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